Panama's Banco La Hipotecaria SA on May 31 will offer negotiable commercial securities worth about $2 million, according to a filing.
The one-year, series CDK notes carry an annual interest rate of 4.00%. They will be issued June 4.
The securities, locally known as VCNs, have an F1+ rating from Fitch Ratings.
The offering is part of the bank's rotating negotiable commercial securities program worth $35 million.
The bank said it will use the proceeds from the offering to grow its mortgage credit portfolio.
